There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 7 Warehouse Receipts, Bills of Lading,
355.7.601 Lost and missing documents.
Download pdfany person comply with such order. If the document was negotiable the claimant
must post security approved by the court to indemnify any person who may suffer
loss as a result of nonsurrender of the document. If the document was not
negotiable, such security may be required at the discretion of the court. The court
may also in its discretion order payment of the bailee's reasonable costs and counsel
fees. (2) A bailee who without court order delivers goods to a person claiming under a missing negotiable document is liable to any person injured thereby, and if the
delivery is not in good faith becomes liable for conversion. Delivery in good faith is
not conversion if made in accordance with a filed classification or tariff or, where
no classification or tariff is filed, if the claimant posts security with the bailee in an
amount at least double the value of the goods at the time of posting to indemnify
any person injured by the delivery who files a notice of claim within one (1) year
after the delivery. Effective: July 1, 1960
History: Created 1958 Ky. Acts ch. 77, sec. 7-601, effective July 1, 1960.
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